2023-01-012023-12-312023-12-31false04137427202 DESIGN LIMITED2024-02-0747599iso4217:GBPxbrli:pure041374272023-01-01041374272023-12-31041374272023-01-012023-12-31041374272022-01-01041374272022-12-31041374272022-01-012022-12-3104137427bus:SmallEntities2023-01-012023-12-3104137427bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3104137427bus:AbridgedAccounts2023-01-012023-12-3104137427bus:PrivateLimitedCompanyLtd2023-01-012023-12-3104137427core:WithinOneYear2023-12-3104137427core:AfterOneYear2023-12-3104137427core:WithinOneYear2022-12-3104137427core:AfterOneYear2022-12-3104137427core:ShareCapital2023-12-3104137427core:SharePremium2023-12-3104137427core:RevaluationReserve2023-12-3104137427core:OtherReservesSubtotal2023-12-3104137427core:RetainedEarningsAccumulatedLosses2023-12-3104137427core:ShareCapital2022-12-3104137427core:SharePremium2022-12-3104137427core:RevaluationReserve2022-12-3104137427core:OtherReservesSubtotal2022-12-3104137427core:RetainedEarningsAccumulatedLosses2022-12-3104137427core:LandBuildings2023-12-3104137427core:PlantMachinery2023-12-3104137427core:Vehicles2023-12-3104137427core:FurnitureFittings2023-12-3104137427core:OfficeEquipment2023-12-3104137427core:NetGoodwill2023-12-3104137427core:IntangibleAssetsOtherThanGoodwill2023-12-3104137427core:ListedExchangeTraded2023-12-3104137427core:UnlistedNon-exchangeTraded2023-12-3104137427core:LandBuildings2022-12-3104137427core:PlantMachinery2022-12-3104137427core:Vehicles2022-12-3104137427core:FurnitureFittings2022-12-3104137427core:OfficeEquipment2022-12-3104137427core:NetGoodwill2022-12-3104137427core:IntangibleAssetsOtherThanGoodwill2022-12-3104137427core:ListedExchangeTraded2022-12-3104137427core:UnlistedNon-exchangeTraded2022-12-3104137427core:LandBuildings2023-01-012023-12-3104137427core:PlantMachinery2023-01-012023-12-3104137427core:Vehicles2023-01-012023-12-3104137427core:FurnitureFittings2023-01-012023-12-3104137427core:OfficeEquipment2023-01-012023-12-3104137427core:NetGoodwill2023-01-012023-12-3104137427core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104137427core:ListedExchangeTraded2023-01-012023-12-3104137427core:UnlistedNon-exchangeTraded2023-01-012023-12-3104137427core:MoreThanFiveYears2023-01-012023-12-3104137427core:Non-currentFinancialInstruments2023-12-3104137427core:Non-currentFinancialInstruments2022-12-3104137427dpl:CostSales2023-01-012023-12-3104137427dpl:DistributionCosts2023-01-012023-12-3104137427core:LandBuildings2023-01-012023-12-3104137427core:PlantMachinery2023-01-012023-12-3104137427core:Vehicles2023-01-012023-12-3104137427core:FurnitureFittings2023-01-012023-12-3104137427core:OfficeEquipment2023-01-012023-12-3104137427dpl:AdministrativeExpenses2023-01-012023-12-3104137427core:NetGoodwill2023-01-012023-12-3104137427core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3104137427dpl:GroupUndertakings2023-01-012023-12-3104137427dpl:ParticipatingInterests2023-01-012023-12-3104137427dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3104137427core:ListedExchangeTraded2023-01-012023-12-3104137427dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3104137427core:UnlistedNon-exchangeTraded2023-01-012023-12-3104137427dpl:CostSales2022-01-012022-12-3104137427dpl:DistributionCosts2022-01-012022-12-3104137427core:LandBuildings2022-01-012022-12-3104137427core:PlantMachinery2022-01-012022-12-3104137427core:Vehicles2022-01-012022-12-3104137427core:FurnitureFittings2022-01-012022-12-3104137427core:OfficeEquipment2022-01-012022-12-3104137427dpl:AdministrativeExpenses2022-01-012022-12-3104137427core:NetGoodwill2022-01-012022-12-3104137427core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3104137427dpl:GroupUndertakings2022-01-012022-12-3104137427dpl:ParticipatingInterests2022-01-012022-12-3104137427dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3104137427core:ListedExchangeTraded2022-01-012022-12-3104137427dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3104137427core:UnlistedNon-exchangeTraded2022-01-012022-12-3104137427core:NetGoodwill2023-12-3104137427core:IntangibleAssetsOtherThanGoodwill2023-12-3104137427core:LandBuildings2023-12-3104137427core:PlantMachinery2023-12-3104137427core:Vehicles2023-12-3104137427core:FurnitureFittings2023-12-3104137427core:OfficeEquipment2023-12-3104137427core:AfterOneYear2023-12-3104137427core:WithinOneYear2023-12-3104137427core:ListedExchangeTraded2023-12-3104137427core:UnlistedNon-exchangeTraded2023-12-3104137427core:ShareCapital2023-12-3104137427core:SharePremium2023-12-3104137427core:RevaluationReserve2023-12-3104137427core:OtherReservesSubtotal2023-12-3104137427core:RetainedEarningsAccumulatedLosses2023-12-3104137427core:NetGoodwill2022-12-3104137427core:IntangibleAssetsOtherThanGoodwill2022-12-3104137427core:LandBuildings2022-12-3104137427core:PlantMachinery2022-12-3104137427core:Vehicles2022-12-3104137427core:FurnitureFittings2022-12-3104137427core:OfficeEquipment2022-12-3104137427core:AfterOneYear2022-12-3104137427core:WithinOneYear2022-12-3104137427core:ListedExchangeTraded2022-12-3104137427core:UnlistedNon-exchangeTraded2022-12-3104137427core:ShareCapital2022-12-3104137427core:SharePremium2022-12-3104137427core:RevaluationReserve2022-12-3104137427core:OtherReservesSubtotal2022-12-3104137427core:RetainedEarningsAccumulatedLosses2022-12-3104137427core:NetGoodwill2022-01-0104137427core:IntangibleAssetsOtherThanGoodwill2022-01-0104137427core:LandBuildings2022-01-0104137427core:PlantMachinery2022-01-0104137427core:Vehicles2022-01-0104137427core:FurnitureFittings2022-01-0104137427core:OfficeEquipment2022-01-0104137427core:AfterOneYear2022-01-0104137427core:WithinOneYear2022-01-0104137427core:ListedExchangeTraded2022-01-0104137427core:UnlistedNon-exchangeTraded2022-01-0104137427core:ShareCapital2022-01-0104137427core:SharePremium2022-01-0104137427core:RevaluationReserve2022-01-0104137427core:OtherReservesSubtotal2022-01-0104137427core:RetainedEarningsAccumulatedLosses2022-01-0104137427core:AfterOneYear2023-01-012023-12-3104137427core:WithinOneYear2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3104137427core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3104137427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3104137427core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3104137427core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3104137427core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3104137427bus:Director12023-01-012023-12-3104137427bus:Director22023-01-012023-12-3104137427bus:Director32023-01-012023-12-310413742712023-01-012023-12-31

202 DESIGN LIMITED

Registered Number
04137427
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

202 DESIGN LIMITED
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

KEMPTON, Benjamin Roy
PECK, Adam
WICKSTEED, Thomas Michael

Registered Address

6-8 Warwick Road
London
SW5 9UG

Registered Number

04137427 (England and Wales)
202 DESIGN LIMITED
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4138,861121,810
Investments5250250
139,111122,060
Current assets
Stocks-10,115
Debtors49,901187,805
Cash at bank and on hand1,206,994785,129
1,256,895983,049
Creditors amounts falling due within one year(680,287)(452,173)
Net current assets (liabilities)576,608530,876
Total assets less current liabilities715,719652,936
Provisions for liabilities(34,715)(27,736)
Net assets681,004625,200
Capital and reserves
Called up share capital1,0001,000
Profit and loss account680,004624,200
Shareholders' funds681,004625,200
The financial statements were approved and authorised for issue by the Board of Directors on 7 February 2024, and are signed on its behalf by:
WICKSTEED, Thomas Michael
Director
Registered Company No. 04137427
202 DESIGN LIMITED
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Subsequent to initial recognition, intangible assets are measured at cost, which includes capitalised borrowing costs, less accumulated amortisation and accumulated impairment losses. The estimated useful life of intangible asset is 10 years on capitalisation but the company conducts annual impairment reviews to ensure this remains the case.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year77
3.Intangible assets
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 23175,390
Additions50,261
At 31 December 23215,331
Depreciation and impairment
At 01 January 2353,580
Charge for year33,794
Other adjustments(584)
At 31 December 2376,470
Net book value
At 31 December 23138,861
At 31 December 22121,810
5.Fixed asset investments

Total

£
Cost or valuation
At 01 January 23250
At 31 December 23250
Net book value
At 31 December 23250
At 31 December 22250
6.Events after reporting date
Following the reporting date control of the company was acquired by 202 Holdings Ltd a company registered in England & Wales. 202 Holdings Ltd is a related company by way of similar controlling interest which is held by the founding shareholders Benjamin Kempton and Thomas Wicksteed